on the Shanghai Futures Exchange weaker

Steel benchmarks on the Shanghai Futures Exchange were weaker.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,530 VND/kg, D10 CB300 ribbed steel bar is priced at 13,890 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,500 VND/kg; D10 CB300 ribbed steel bar priced at 13,700 VND/kg.

VAS steel, with CB240 coil steel line at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel down to 13,580 VND/kg; D10 CB300 ribbed steel bar priced at 13,790 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,190 VND/kg.

VAS Steel currently sells CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.

Pomina steel, with CB240 coil steel line at 14,180 VND/kg; D10 CB300 ribbed steel bar is priced at 14,180 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel at 13,580 VND/kg; D10 CB300 ribbed steel reduced to 13,790 VND/kg.

VAS steel, CB240 coil steel line is at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Pomina steel, CB240 coil steel line is at 13,970 VND/kg; D10 CB300 ribbed steel bar is priced at 13,970 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for June 2025 delivery fell 32 yuan to 3,444 yuan/t.

Iron ore futures for January delivery fell, but were on track for a weekly gain as investors weighed the weaker global demand outlook against better economic data from top consumer China and the prospect of further stimulus from China.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 fell 0.77 percent to 776.0 yuan ($108.95) a tonne. Prices have risen 1.37 percent this week.

Benchmark December iron ore SZZFZ4 on the Singapore Exchange fell 0.61 percent to $103.05 a tonne. Prices have risen 2.35 percent this week.

China's new home prices rose at a faster pace in October, suggesting recent support measures may be having some initial impact in a crisis-hit market.

Manufacturing activity in the world's second-largest economy returned to growth last month as a rise in new orders led to a pick-up in production growth.

However, new export orders fell to an eight-month low, signaling weakening external demand, which is one of the main drivers behind stronger-than-expected manufacturing performance for much of 2024, ING analysts said.

“Moving forward, we will need to see whether the stimulus rollout can lead to a recovery in domestic demand to offset a potentially weaker external demand picture, which could be even less favourable if we see a Trump victory and subsequent tariff hikes,” ING analysts said.

Meanwhile, consultancy Mysteel said in a note that iron ore imports at 45 major Chinese ports rose for a fourth straight week in the week to October 31, reflecting lower discharge volumes.

Other steelmaking components on the DCE lost ground, with coking coal DJMcv1 and coke DCJcv1 down 0.37% and 0.59%, respectively.

Steel benchmarks on the Shanghai Futures Exchange were weaker. Rebar SRBcv1 fell nearly 0.6%, hot-rolled coil SHHCcv1 fell about 0.3%, wire rod SWRcv1 fell nearly 1.2% and stainless steel SHSScv1 fell about 0.1%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-2-11-tren-san-giao-dich-tuong-lai-thuong-hai-yeu-hon.html